assesment 19nth march

Question 1

cost layout left side

Answer 1

b/d = cost at start of SoFp
addition = new cost

Question 2

cost layout right side

Answer 2

disposal = originally cost or sold it for
c/d

Question 3

provision for depreciation - left side

Answer 3

disposal = disposal cost - nbv
c/d

Question 4

provision for dep - right side

Answer 4

b/d = dep at start
depreciation =
nbv at start of year = cost - provision for dep
nbv at start of year + cost of addition - nbv of disposal
divide answer by the dep

Question 5

disposal - left side

Answer 5

cost - disposal of cost table
profit on disposal - only if this side if less

Question 6

disposal - right side

Answer 6

depreciation- disposal of depreciation table
part exchange - cost - balance paid by cheque
loss on disposal - if this side is less